with all these drawbacks in impulsive shopping, i read about this book by Robert Kiyosaki, Rich Dad, Poor Dad. My much-needed book to get out of the Rat Race. Let me share few things i jotted down while learning from this commendable book.
1.) "Children spend years in an antiquated educational system , studying subjects they will never use, preparing for the world that never exists."
There's too much to learn in school, from the early writing and reading ABCs to making long paragraphs. From counting simple 123 to wading through complicated algebraic expressions. Getting ourselves amazed with the wonders of Science and soaking ourselves with religion, values and God. Then we moved to College which makes our student life more serious as we learn the fundamentals of accounting or whatever course we are in. What we had in college, in some way or another, will ultimately shape and prepare us for the real world. But reality hits us. Real world is bolder and harsher. Financial freedom is never, or partly, taught. Often, people fail to handle things wisely. We we're not equipped with skills to survive.
2.) Always do the habit of saying, "How can I afford it?" rather than "I can't afford it."
Saying "How can I afford it?" means you are exercising your mind on looking for ways to be able afford little luxuries to big time investments. Ways are countless, we just have to know it and apply it.
3.) "Broke is temporary; poor is eternal."
I often wail "I'm broke!" to my friends and they wail back the same thing. Ha-ha But we all can bounce back so we can't be poor. Knowledge, wisdom and discipline are they key. It could be hard but we might consider making baby steps to be rich!
4.) "In life, it's not how much money you make, it's how much money you keep."
We can't spend everything all we have over those stuffs which do not generate income for us. Or we call it dead investments. It's nice to have those nice and huge houses, classy cars that will bring us anywhere, most advanced gadgets blah blah. But wouldn't it be cool if our assets now have extras to buy these?
5.) "Keep your expenses low, reduce your liabilities and diligently build a base of solid assets."
Needless to say, we should keep our expenses to the barest minimum. Or expenses should be after savings and investments. Splurging would be a no-no for starters and i believe it takes a lot to control. We should be making money working for us, not us working for money, as R. Kiyosaki stressed out repeatedly in the book.
There's a lot more in the book and I can't put them all down here. If you want to be financially savvy, then the book's for you! We can and we will be, all it takes is discipline and constant learning (uhm, about finance). Let's get rich!
